Sequoia Financial Advisors LLC Lowers Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Sequoia Financial Advisors LLC lowered its holdings in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 59.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,257 shares of the software company’s stock after selling 3,266 shares during the period. Sequoia Financial Advisors LLC’s holdings in Autodesk were worth $588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. VisionPoint Advisory Group LLC boosted its holdings in Autodesk by 21.5% in the fourth quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock valued at $58,000 after acquiring an additional 42 shares during the last quarter. Bouvel Investment Partners LLC boosted its holdings in Autodesk by 0.4% in the fourth quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock valued at $2,864,000 after acquiring an additional 44 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Autodesk by 3.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock valued at $306,000 after acquiring an additional 45 shares during the last quarter. Goodman Advisory Group LLC boosted its holdings in Autodesk by 0.4% in the fourth quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock valued at $2,770,000 after acquiring an additional 49 shares during the last quarter. Finally, Epic Trust Investment Advisors LLC boosted its holdings in Autodesk by 3.7% in the fourth quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock valued at $331,000 after acquiring an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Activity

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $235.00, for a total transaction of $129,250.00. Following the completion of the transaction, the director now directly owns 31,566 shares of the company’s stock, valued at $7,418,010. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Steven M. Blum sold 17,413 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the transaction, the chief operating officer now directly owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $235.00, for a total value of $129,250.00. Following the completion of the transaction, the director now directly owns 31,566 shares of the company’s stock, valued at $7,418,010. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,138 shares of company stock valued at $4,338,701. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on ADSK. Morgan Stanley restated an “equal weight” rating and set a $255.00 price objective on shares of Autodesk in a research note on Wednesday, June 12th. Royal Bank of Canada restated an “outperform” rating and set a $260.00 price objective on shares of Autodesk in a research note on Tuesday, June 18th. Barclays reduced their price objective on Autodesk from $310.00 to $275.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 12th. Piper Sandler restated a “neutral” rating and set a $239.00 price objective on shares of Autodesk in a research note on Wednesday, June 12th. Finally, Stifel Nicolaus reduced their price objective on Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $262.42.

Read Our Latest Research Report on Autodesk

Autodesk Stock Up 0.6 %

Shares of Autodesk stock opened at $247.87 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. The firm has a market cap of $53.42 billion, a P/E ratio of 53.65, a P/E/G ratio of 3.31 and a beta of 1.48. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53. The business has a 50-day moving average price of $224.12 and a 200 day moving average price of $239.38.

Autodesk (NASDAQ:ADSKGet Free Report) last announced its quarterly earnings data on Tuesday, June 11th. The software company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.10. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. Autodesk’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.55 earnings per share. On average, sell-side analysts forecast that Autodesk, Inc. will post 5.55 earnings per share for the current fiscal year.

About Autodesk

(Free Report)

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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